Category: Online Betting

Decentralized finance (DeFi) is increasingly influencing the online betting industry by offering a trustless, transparent, and automated approach to wagering. Unlike traditional betting platforms, which rely on centralized operators to manage funds, odds, and payouts, DeFi leverages blockchain technology and smart contracts to facilitate peer-to-peer transactions. This allows players to place bets, receive winnings, and… Continue reading The Role of DeFi in Online Betting

Cryptocurrency casinos operate differently from traditional online casinos, particularly when it comes to taxes and reporting. Because players deposit, bet, and withdraw using digital currencies like Bitcoin, Ethereum, or stablecoins, the process of tracking gains and complying with tax laws can be complex. Understanding how crypto casinos manage reporting and the obligations players may have… Continue reading How Crypto Casinos Handle Taxes and Reporting